Egypt’s stocks ended sessions on Wednesday with gains totalling 5.7 billion Egyptian pounds powered by foreign investors’ strong buying appetite. Accordingly, the country’s main stock index, EGX30 surged above 8950 points.
The Egyptian Exchange’s indices were wavering in green notes during the closing session of Wednesday.
Egypt’s benchmark index EGX30 ended 2.37 per cent higher to 8952.25 pts; and EGX20 2.57 per cent up to 10308.65 pts.
In addition, the mid- and small-cap index, the EGX70 climbed by 1.20 per cent to finish at 604.13 pts. The price index EGX100 inched up by 1.49 per cent to conclude at 1094.63 pts.
Furthermore, the market capitalization recorded EGP 500.089 billion on Wednesday.
Turnovers Cross EGP One billion
Through the closing session of Wednesday, the trading volume has reached 213.696 million securities, with turnovers worth EGP 1.285 billion, exchanged through 34.400 transactions.
Also during the closing session, 182 listed securities have been traded in; 36 declined, 115 advanced; while 25 kept their previous levels.
Arab and the non-Arab foreign were net buyers on Wednesday capturing 4.45% and 17.09% respectively of the total markets, with a net equity of 10.566 million and EGP 29.210 million, respectively, excluding the deals.
On the other hand, local investors were net sellers seizing 78.46% of the total market, with a net equity of EGP 39.776 million, excluding the deals.